Nothing yet official from the Traffic Monsoon preliminary injunction hearing. We’re monitoring the hearing and will publish an article as soon as we hear something (the hearing is ongoing as I type this).

In the meantime, yesterday the Traffic Monsoon Receiver filed two revealing declarations in court. They pertain to Traffic Monsoon’s inner business operations and communications the Receivership has had.

Below I’ve sorted out the main points of the declarations into relevant categories.

Peggy Hunt’s credentials

Abused and often ridiculed by disgruntled Traffic Monsoon affiliates, turns out Peggy Hunt appears qualified to serve as Traffic Monsoon’s Receiver.

As per her filed declarations;

I have been a lawyer for 27 years. Outside of a one-year judicial clerkship for a Justice on the Connecticut Supreme Court immediately following my graduation from law school, my experience has focused on bankruptcy, insolvency and receivership law.

More relevant to this matter is that I have served on the Panel of Chapter 7 Trustees for the District of Utah since 2011.

In that post … I regularly represent fiduciaries, including bankruptcy trustees and equity receivers appointed in SEC civil enforcement actions in large cases involving Ponzi schemes and other types of securities fraud.

Communication with Traffic Monsoon investors and victims

The Receivership has been manning a call center since August 8th and accepting written inquiries since late September.

As of October 20th, 2016, the Traffic Monsoon Receivership has received 1648 communications via the above platforms.

This includes 40 written complaints submitted to the FBI and 110 call reports provided by the City of London Police (through their fraud reporting hotline).

1076 communications from Traffic Monsoon affiliates, a lot of whom wanted to know ‘
if they would be getting their “revenue payout”
‘.

345 communications from Traffic Monsoon affiliates who identified themselves as investors, as having invested or made an investment, or who expected to earn or make money. A number of these investors wanted to know ‘
when the website would be reinstated so that they could “start their business again”
‘.

147 communications from Traffic Monsoon affiliates who demanded the Traffic Monsoon website be reinstated.

74 communications from affiliates who identified themselves as victims involved in a fraud or scheme and/or alleging fraud or misrepresentation.

73 communications from affiliates who claimed they were “not investors”.

57 communications from Traffic Monsoon affiliates who declared they ‘
relied on Traffic Monsoon for income or to pay debt
‘.

43 communications from Traffic Monsoon affiliates who ‘
stated they paid for but did not receive the services they expected or did not receive any services
‘.

38 communications from persons who ‘
stated that “life savings” were paid or “savings” were paid to Traffic Monsoon by themselves or others
‘.

Examples of communications provided by the Re

🤖 Quick Answer

What revelations did the Traffic Monsoon Receiver's declarations provide about the company's operations?
The Receiver's filed declarations disclosed critical information regarding Traffic Monsoon's internal business operations and communications conducted during the receivership proceedings. These documents offered significant insights into the company's operational structure and administrative activities.

What qualifications does Peggy Hunt possess as Traffic Monsoon's Receiver?
Peggy Hunt holds 27 years of legal experience, including a one-year judicial clerkship for a Justice. Her extensive professional background in law qualifies her to serve as Receiver, despite criticism from disgruntled Traffic Monsoon affiliates who questioned her appointment to the position.

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